Macerich closes $527M common stock offering; proceeds to repay Annapolis Mall debt

MACERICH CO

Issued 25.08M shares (including full underwriter option) at $21.00 per share; gross proceeds ~$527M.
Net proceeds contributed to operating partnership to repay revolving credit facility used for Annapolis Mall acquisition.
Underwriting led by Goldman Sachs & Co. LLC; registration statement effective August 2023.
Funds also earmarked for general corporate purposes, including additional acquisitions and leasing capital.

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